Meta Reveals Facebook and Instagram Cross-Posting NFT Compatibility – Blockchain Bitcoin News

Meta, the business entity behind Instagram and Facebook social media platforms, has revealed that support for non-fungible tokens (NFTs) now offers cross-posting compatibility between the two major social media platforms. The ability to share digital collectibles follows Meta’s rollout of support for NFT and Web3 wallets in 100 countries in the first week of August.

Meta’s NFT rollout continues as social media giant showcases ‘ability to post digital collectibles’

Meta Platforms, Inc. (Nasdaq: META), announcement on August 29, 2022, that the company “presents the possibility of posting digital collectibles” on Instagram and Facebook. Meta leaked the information on Twitter and shared a blog post published in May which is regularly updated.

When Meta tweeted about NFT cross-posting compatibility and Facebook and Instagram support, the company got a few replies from people who liked the idea and also from people who scoffed at the NFT concept. A person wrote that Meta’s latest NFT cross-posting compatibility was “bullish”.

Meanwhile, a number of other people made fun of the NFT announcement and one of those people Told Meta: “No, I’ll just post the jpeg instead, thanks.” Another individual jokingly replied that sharing a jpeg was “safer for sure”. Some people shared screenshots the ability to post NFTs on Instagram and Facebook.

Meta Monday’s post reads:

As we continue to roll out digital collectibles on Facebook and Instagram, we’ve started giving people the ability to post digital collectibles they own on Facebook and Instagram. This will allow users to once connect their digital wallets to either app in order to share their digital collectibles between the two.

The August 29 announcement follows Meta initiating NFT support in 100 countries and adding the ability to connect with third-party wallets such as Metamask and Rainbow. Meta also noted on August 4 that the Digital Collectibles features will support blockchains such as Flow, Ethereum, and Polygon. At the time, Meta said that “there are no fees associated with posting or sharing a digital collectible” on Instagram and Facebook.

The company’s social media competitor, Twitter, has launched non-fungible token support via Blue Labs Twitter. Users taking advantage of Twitter Blue Labs features can upload longer videos to Twitter, upload videos in 1080p quality, and take advantage of an NFT profile picture. While Meta has integrated Flow and Polygon, Twitter only supports static NFTs that were created on the Ethereum blockchain (ERC721, ERC1155).

Keywords in this story

Blockchain, Digital Collectibles, ERC1155, ERC721, Ethereum, Facebook, Flow, Instagram, Meta, Meta Platforms, Metaverse, Nasdaq: META, nft, NFT compatibility, NFT profile picture, NFT, NFT Twitter, non-fungible token, non-fungible tokens , Polygon, Static NFTs, Twitter

What do you think of Meta adding cross-posting NFT compatibility between Facebook and Instagram? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news manager for News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 5,700 articles for News about disruptive protocols emerging today.

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